1. Purchase Request (PR)
A formal internal document used to request the procurement of goods or services before initiating a purchase order.
P2P (Procure-to-Pay)
P2P (Procure-to-Pay) is the end-to-end process of purchasing goods/services and paying vendors.It covers everything from raising a purchase request to issuing the final vendor payment.
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Address:
"Akshara Niloy " 1016 Upendra Nath Banerjee Road, Block 3, 2nd Floor, Flat no C, Kolkata -700060
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Email:
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Phone:
IND : +91 983 0046 048 /
+91 983 6650 389
UK : +44 7448 890106
UAE : +971 5859 61978
Clients who request this:
Small businesses, CPA firms, startups, real estate agencies, e-commerce, and healthcare companies.
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Purchase Order (PO) Creation
The process of generating an official document that authorizes a vendor to supply specified goods or services at agreed terms.
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Vendor Setup & Compliance Check
The process of onboarding a vendor by collecting required documents and verifying their tax, legal, and compliance information before enabling transactions.
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Invoice Receipt & 3-Way Match
The process of verifying that the vendor invoice matches the purchase order and goods receipt before approving payment.
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Approvals Workflow
A structured review and authorization process ensuring purchase-related documents are validated by the appropriate personnel before processing.
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Posting Vendor Invoice in Accounting System
Entering and recording the approved vendor invoice into the accounting system to update payables and financial records.
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Vendor Payments
The process of issuing authorized payments to vendors based on approved invoices and agreed payment terms.
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Vendor Reconciliations
The process of matching vendor statements with internal records to ensure all invoices, credits, and payments are accurately accounted for.
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AP Aging & Reporting
The process of tracking and analyzing outstanding vendor invoices based on due dates to monitor cash flow and manage payables efficiently.